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Stocks

Market Scramble: Buffett's long-term playbook back in style

Sage points to steady earners as Tokyo investors look for next move

TOKYO -- Famed American investor Warren Buffett's move on a German chemical manufacturer has reminded his global following to seek out long-term growth potential -- a timely message, now that the market's broad climb has reached an end.

It was revealed at the end of May that Buffett had built a 3% stake in Lanxess, a midsize chemical maker. With the Nikkei Stock Average stalled out just below the 20,000 mark, investors here are eager for any bit of wisdom the "Oracle of Omaha" has to share.

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